Sally Beauty Hldgs INC (SBH) Stock Value Declined While Arrowpoint Asset Management LLC Has Lifted Position by $35.34 Million

Sally Beauty Holdings, Inc. (NYSE:SBH) Logo

Arrowpoint Asset Management Llc increased its stake in Sally Beauty Hldgs Inc (SBH) by 23.74% based on its latest 2019Q2 regulatory filing with the SEC. Arrowpoint Asset Management Llc bought 2.72 million shares as the company’s stock declined 13.75% . The institutional investor held 14.17M shares of the consumer services company at the end of 2019Q2, valued at $189.05M, up from 11.45 million at the end of the previous reported quarter. Arrowpoint Asset Management Llc who had been investing in Sally Beauty Hldgs Inc for a number of months, seems to be bullish on the $1.76B market cap company. The stock decreased 0.44% or $0.07 during the last trading session, reaching $14.56. About 1.22M shares traded. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 15.91% since September 13, 2018 and is downtrending. It has underperformed by 15.91% the S&P500.

Arrowpoint Asset Management Llc, which manages about $5.56B and $10.40 billion US Long portfolio, decreased its stake in Caredx Inc (NASDAQ:CDNA) by 170,298 shares to 555,483 shares, valued at $19.99 million in 2019Q2, according to the filing. It also reduced its holding in Medidata Solutions Inc (NASDAQ:MDSO) by 163,409 shares in the quarter, leaving it with 1.11M shares, and cut its stake in Argenx Se.

More notable recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Seekingalpha.com which released: “Leaner Sally Beauty Holdings records profit beat – Seeking Alpha” on July 31, 2019, also Investorplace.com with their article: “7 Micro-Cap and Small-Cap Stocks That Insiders Are Buying – Investorplace.com” published on September 09, 2019, Finance.Yahoo.com published: “5 Undervalued-Predictable Companies With High Margins of Safety – Yahoo Finance” on July 26, 2019. More interesting news about Sally Beauty Holdings, Inc. (NYSE:SBH) were released by: Finance.Yahoo.com and their article: “Why You Should Like Sally Beauty Holdings, Inc.’s (NYSE:SBH) ROCE – Yahoo Finance” published on May 07, 2019 as well as Finance.Yahoo.com‘s news article titled: “Sally Beauty Holdings (SBH) Q3 2019 Earnings Call Transcript – Yahoo Finance” with publication date: July 31, 2019.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Coverage

Among 2 analysts covering Sally Beauty Holdings (NYSE:SBH), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Sally Beauty Holdings has $14 highest and $13 lowest target. $13.50’s average target is -7.28% below currents $14.56 stock price. Sally Beauty Holdings had 5 analyst reports since May 23, 2019 according to SRatingsIntel. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) earned “Hold” rating by DA Davidson on Monday, June 24. On Tuesday, June 25 the stock rating was maintained by Bank of America with “Sell”.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Chart

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